✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Olam secures $625m Sharia-compliant facility

The Olam Group Limited (Olam Group), yesterday, said that its food, feed and fibre operating group, Olam Agri, has secured a commodity, Murabaha, from a diversified group of global investors, including UAE, Malaysia, Singapore and Hong Kong, totalling $625 million.

This was contained in a statement issued on behalf of Olam Agric yesterday.

Daily Trust reports that Olam Agri is a market leader in differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 34 years.

SPONSOR AD

N Muthukumar, Group CFO of Olam Group and CEO of Operations at Olam Agri, said: “This landmark commodity, Murabaha financing, further diversifies Olam Agri’s funding mix with access to a new investor pool which provides financing on the basis of Sharia principles.”

The facility has Olam Agri subsidiaries, Olam Global Agri Pte Ltd and Olam Global Agri Treasury Pte Ltd, as purchasers with a tenor of three years.

Emirates NBD Capital Limited and Abu Dhabi Commercial Bank are the global Sharia coordinators for the facility.

Abu Dhabi Commercial Bank, Emirates NBD Bank and First Abu Dhabi Bank (FAB) are the senior mandated lead arrangers for the facility, while Citibank NA, Credit Agricole Corporate and Investment Bank, HSBC Amanah, Mizuho Bank Ltd, MUFG Bank (Malaysia), Berhad and Standard Chartered Bank are the mandated lead arrangers.

Emirates Islamic Bank is lead arranger and FAB is the investment agent.

 

Sponsored

Discover the latest trends on Temu! Shop mobile phones, fashion, beauty, home essentials & more. Start exploring now!


Click here to learn how it works.

Sponsored

Unlock AI's potential! Get top prompts for content, blogs, social media, research, draft proposals and more. Boost creativity start using AI tools today!


Click here to learn how it works.

Sponsored

Start Affiliate Marketing Today! Learn step-by-step how to set up a blog, find programs, create links, and earn money—beginner-friendly guide inside!


Click here to learn how it works.

Sponsored

Join our FREE WEBINAR! Discover the 3-step formula to turn WhatsApp into a cash-generating machine. Sign up now and start earning!"


Click here to learn how it works.

Sponsored

Master Facebook Ads! Learn to set up Business Manager, run campaigns, optimize budgets, and drive sales. Start your journey to ad success today!"


Click here to learn how it works.

Sponsored

Unlock your confidence and attract the love you deserve! Learn how to become irresistible to women—start your transformation today!"


Click here to learn how it works.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.